HSBC adds former co-CEO of world’s biggest hedge fund Bridgewater Associates to board
- Eileen Murray stepped down as co-CEO of Bridgewater Associates earlier this year
- Murray joins HSBC’s board at a challenging time for the bank
The former co-chief executive of the world’s biggest hedge fund and newly elected chairwoman of Finra, the US securities industry’s self-regulatory arm, is joining HSBC’s board as an independent director effective Wednesday, the bank said.
Eileen K Murray, 62, was one of the highest-ranking female executives in the hedge fund industry when she stepped down earlier this year from Bridgewater Associates, the investment firm started by Ray Dalio that manages about US$160 billion. She had been with the firm since 2009 and served as its co-chief executive since 2011.
On Tuesday, Finra said its board of governors unanimously elected Murray to serve as its new chairwoman beginning in August.
“I am absolutely delighted to welcome Eileen,” Mark Tucker, the HSBC chairman, said in a statement. “Her wealth of experience across banking and finance, together with her extensive knowledge of financial technologies and corporate strategy, will bring an invaluable perspective to the board.”
Murray began her career at Morgan Stanley in 1984, serving as the bank’s controller, treasurer and head of global technology and operations, as well as chief operating officer for its institutional securities group. She also had stints at Credit Suisse and as president of Duff Capital Advisors.
